NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has sold seven properties for an aggregate sales price of $205.4 million, excluding closing costs. Proceeds from today’s announced sales have been used for general business purposes, including the repayment of debt.

Five properties sold in December 2019 for an aggregate sales price of $191.3 million, excluding closing costs, include:

• A two-story, 122,646 square foot office building located at 2149 West Dunlap Avenue, Phoenix, AZ.
• A two-story, 148,488 square foot office building located at 4181 Ruffin Road, San Diego, CA.
• A one-story, 75,621 square foot office building located at 6448-6450 Via Del Oro, San Jose, CA.
• A ten-story, 170,817 square foot office building located at 400 State Avenue, Kansas City, KS.
• A ten-story, 497,477 square foot office building located at 1001 Noble Energy Way, Houston, TX.

For the year ended December 31, 2019, OPI has generated asset sales proceeds of $953.6 million, including the sale of 58 properties for an aggregate sales price of $848.9 million, excluding closing costs, and all of its shares of The RMR Group Inc. for net proceeds of $104.7 million. This amount is larger than expected heading into 2019 due to some opportunistic asset sales during the year.

Two properties sold in January 2020 for an aggregate sales price of $14.1 million, excluding closing costs, include:

• A two-story, 34,356 square foot office building located at 2721 Jefferson Davis Highway, Stafford, VA.
• A two-story, 30,300 square foot office building located at 2723 Jefferson Davis Highway, Stafford, VA.

OPI currently has four properties under purchase and sale agreements for an aggregate sales price of $72.1 million, excluding closing costs, that are expected to close during the first quarter of 2020.

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.